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EC-071 Glossary 1

AB
Angel investorSomeone who provides startup money to a new business
AssetAnything of value that a business or individual owns
BondA piece of paper (whether real or virtual) that says a governing body or corporation will borrow an investor’s money at a particular interest rate for a particular period of time
BusinessAn organized effort to produce and/or distribute goods and services
CreditThe arrangement by which businesses and individuals can purchase now and pay later
Credit ratingThe score assigned to a borrower based on previous loans
DatabaseA virtual storage unit for information
DebtMoney businesses or individuals owe to others


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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